Radio Jamaica — Page 200

JSE near 2 year high with 2,528 points rise

April 20, 2015 by IC Insider.com

Scotia Group closed higher at the close & helped to push market up on Monday

The Jamaica Stock Exchange enjoyed a major move at the end of trading resulting from the prices of 13 stocks rising, 5 declining as Scotia Group contributed a large portion of the movement. Overall 24 securities changed hands, ending in 4,719,358 units trading, valued at $68,565,889, in all market segments.
Main Market|The JSE Market Index gained 2,261.39 points to 87,351.52, the JSE All Jamaican Composite index rose 2,528.34 points to close at 96,381.35 putting it back in line with the close of 96,381.58 on May 3, 2012 and the JSE combined index gained 2,134.42 points to close at 89,072.22. Scotia Group’s price movement to $24.50 in early trading was the major factor behind the big surge in the main market indices, as such there may be a fall back on Tuesday as Scotia’s price seems likely to settle back well below the price of $23.81 used in computing today’s indices, unless other stocks move up to compensate.

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and just 4 with offers that were lower, with 2 of the offers being stocks that hardly trade.
In trading, Scotia Investments bought all Scotia Group’s shares to trade, in the early morning session up to $24.50, for a 52 weeks intra-day high, but the stock ended with 205,115 units trading to close at $22.10 with a 24 cents fall from Friday’s last sale price. Desnoes & Geddes traded 92,793 shares up to $5.90, with a 10 cents gain, Grace Kennedy traded 933,318 shares and closed at $62.01, with a total value of $57.8 million,

with the price dropping $1.99 from Friday’s last traded price of $64. National Commercial Bank traded only 21,750 shares to close higher at $26, with an increase of 47 cents. Radio Jamaica 86,383 units that traded did so at $2, Sagicor Group 16,400 units traded at $10.50, Sagicor Real Estate Fund had 48,600 units changing hands at $6.75, to gain 25 cents and Jamaica Money Market Brokers 8.75% preference share traded 33,500 units at $3.10.
Kingston Wharves traded just 4,00 shares but ended up gaining 50 cents to close at $6.40, Scotia Investments gained 49 cents in trading 1,200 units at $23.50 and Supreme Ventures traded 4,000 units at $2.80 by gaining 30 cents.

Filed Under: JSE Main Market, Stock Market Tagged With: Desnoes & Geddes, Grace Kennedy, Jamaica Money Market Brokers, JMMB Group, Kingston Wharves, National Commercial Bank, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Supreme Ventures

Low trading on JSE Wednesday

April 15, 2015 by IC Insider.com

Activity on the Jamaica Stock Exchange, resulted in the prices of 6 stocks rising, 8 declining as 19 securities changed hands, ending in 2,545,551 units trading, valued at $13,385,867, in all market segments.
Main Market| The JSE Market Index gained just 28.96 points to 84,837.26, the JSE All Jamaican Composite index rose 32.38 points to close at 93,570.30 and the JSE combined index gained 40.13 points to close at 86,628.32.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator was flashing strong signals of rising prices ahead, with 15 stocks having bids higher than their last selling prices and only 2 with offers that were lower. In trading on the main market, Cable & Wireless traded 556,317 units at 50 cents to gain a cent at the close, Jamaica Producers had 508,889 shares changing hands to close at $16, after trading down at $15.96, at the close there was buying interest in 496,095 shares at $15.96. National Commercial Bank traded just 15,300 shares to close at $25.26 for a 24 cents decline, but there is 137,000 units on the bid to buy at $25.26, Sagicor Group had just 54,877 units changing hands at $10.40 and Scotia Group traded 16,788 at $21.95 to decline by 55 cents, with 192,864 units on the bid at $21.92. Radio Jamaica did not traded but ended with a bid to buy 200,000 at $1.50, with the lowest offer being 48,000 units at $2 and the next, 15,100 units at $3.

Filed Under: JSE Main Market, Stock Market Tagged With: C&WJ, Jamaica Producers, NCB, Radio Jamaica, Sagicor, Scotia, Scotia Group

D&G at new high with $64m trade

April 13, 2015 by IC Insider.com

D&G traded over 10m shares on Monday

Desnoes & Geddes traded 10,710,929 shares, with a value of $64,265,574. Mayberry Investments sold from within their in house portfolio at $6 per shares, with the price ending at a new 52 weeks’ high after gaining 45 cents for the day.
Sagicor Investments bought the block as brokers for the buyer. Carreras was the other major traded to take place in the market with 1.3 million shares in ten separate trades. NCB Capital Market sold from in house inventory with Scotia Investments being the broker doing the vast majority of the buying. With the exception of 370 shares which traded at $43, the rest traded at $42.
Activity elsewhere on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising, 7 declining as 20 securities changed hands, ending in 13,368,989 units trading, valued at $131,890,39, in all market segments.
Main Market| The JSE Market Index lost 327.75 points to 85,319.89, the JSE All Jamaican Composite index fell 366.44 points to close at 94,109.89 and the JSE combined index dropped 351.94 points to close at 87,029.50

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 12 stocks with bids higher than their last selling prices and 4 with offers that were lower.
Carreras traded 1,300,000 at $42 for a $1 fall, Grace Kennedy with 47,691 shares closed trading at $63 for a $2 fall, Jamaica Money Market Brokers 7.50% preference share, closed with 250,000 units at $2.02, to record a 2 cents gain, Jamaica Producers Group lost $1.04 in trading only 200 shares and ended at $15.96. Sagicor Group traded 50,268 shares between $10.03 and $10.50 before closing at $10.50, Scotia Group ended up trading 354,932 shares for 45 cents higher at $22.50, Scotia Investments had 20,000 shares changing hands at $23 for a decline of 80 cents and Supreme Ventures closing with 36,120 units at $2.84, a decline of 11 cents.

Stocks with good interest to buy are Berger Paints with 200,000 units on the bid at $1.60, Jamaica Broilers with the bid at $4.50 to buy 239,065 shares, JMMB Group with 807,884 shares on the bid at $7.02. Jamaica Producers has buyers for 496,855 units at $15.96, Radio Jamaica 200,000 shares at $1.50, Sagicor Group 341,717 shares on the bid at $10.06 and Scotia Investments with the bid at $23 to buy 133,940 shares.
There is strong interest to sell Sagicor Real Estate X Fund with 1,400,000 being offered at $6.95 and Jamaica Money Market Brokers 8.75% preference share at $3.20 for 400,000 units.

Filed Under: JSE Main Market, Stock Market Tagged With: Berger Paints, Carreras, D&G, Daily Trading, Grace Kennedy, Jamaica dollar, Jamaica Stock Exchange, Jamaican Stock, JMMB Group, Radio Jamaica, Sagicor Group, Sagicor Investments, Sagicor Real Estate X Fund, Scotia, Supreme Ventures

Trading picks up on JSE after 11am

April 9, 2015 by IC Insider.com

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Trading picked up on the Jamaica Stock Exchange after the very slow start up to 11am on Thursday with 18 securities trading resulting in 733,909 units changing hands. The junior market had only 2 securities trading while the US market had one.
The all Jamaica Composite Index had once more climbed back well above the 94,000 mark but a fall in Scotia fell by $1 to $21.56 and then back to $22.50 on small volume, but not even the $1.50 rise in Jamaica Producers to $18.50 could stave off 293.32 points to reach 93,643.37 while the main market index slipped 262.35 points to 84,902.62. The junior market index rose 0.33 points to 731.31.
IC Insider Buy Rated RJR closed at a new 52 weeks high of $2 with just over 190,000 shares as the price puts on 50 cents and Supreme Ventures is also at a new 52 weeks high of $2.80, up 50 cents but with 30,000 shares trading. Sagicor X Fund was down by 40 cents to $6.50 as increased selling is over whelming demand.

Filed Under: JSE Main Market, Stock Market Tagged With: Jamaica Producers, Radio Jamaica, Sagicor X Fund, Scotia, Supreme Ventures

JSE off to a slow start

April 7, 2015 by IC Insider.com

Tuesday’s trading activity on the Jamaica Stock Exchange was lukewarm at best with the prices of 5 stocks rising, 4 declining as 19 securities changed hands, ending in 1,142,877 units trading, valued at a mere $3,840,399, in all market segments.
Main Market| The JSE Market Index lost 136.32 points to 84,969.60, the JSE All Jamaican Composite index fell 152.41 points to close at 93,718.26 and the JSE combined index declined by 6.16points to close at 86,781.76.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and 5 with offers that were lower.
Stocks of interest include Carreras that traded only 1,100 shares to close at $41.51 with a gain of 43 cents, the bid is at $41.50 for 5,000 shares and the offer is at $44.50 for 3,978 shares. Grace Kennedy traded 18,162 shares to gain $1 to $63, the stock closed with the offer at $63 for a small volume. Sagicor Group lost 20 cents to end at $10.20 while 65,291 units were traded between $10.20 and $10.45. At the close there were 1 million units on offer at $10.60.
Some of the stocks with bids that are higher than the last selling price are Jamaica Stock Exchange with a bid of $2.30 to buy 100,000 units against the last sale price of $2 and Radio Jamaica with a bid for 5,000 shares by Mayberry for in house purposes at $1.60 last selling price $1.50.

Filed Under: JSE Main Market, Stock Market Tagged With: Carreras, Grace Kennedy, Jamaica Stock Exchange, Mayberry, Radio Jamaica, Sagicor

Scotia pushed up JSE on Thursday

April 2, 2015 by IC Insider.com

Scotia closed at a new 52 weeks’ high on Thursday

Trading on the Jamaica Stock Exchange, started Thursday off on a bright note with the main market index gaining nearly 2,000 points by 10 in the morning. This robust activity did not carry over to the rest of the day and the indices eased a bit as Scotia Group, the main reason for the big jump, pulled back from $23 to $22.50 at the close.
Trading resulted in the prices of 10 stocks rising, 3 declining as 20 securities changed hands, ending in 2,668,728 units trading, valued at $29,091,872, in all market segments.
Main Market| The JSE Market Index gained 1,509.67 points to 85,105.92, the JSE All Jamaican Composite index rose 1,687.89 points to close at 93,870.67 and the JSE combined index gained 1,494.99 points to close at 86,787.92.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower, an indication of a market that will move in a sideward manner near term.

Scotia Group traded 841,758 shares between $22.20 and $23 but closed at a new 52 weeks’ high of $22.50, Scotia visible supply, is only 111,000 shares between $22.50 and $24.49 while demand is above 363,000 down to $21.50 with more at $21.11 and lower. Jamaica Broilers Group traded 335,165 shares at $4.50 and ended with a bid of $4.30 to buy 112,000 units and an offer of 60,000 at $4.69, strong support is at $4 for 1.93 million units. National Commercial Bank traded 129,760 units to close at $25 and ended with a bid of $25 to purchase 83,333 shares with an offer of 200,000 shares at $25.28, there is also 679,000 units on offer at $25.50, good support is down to $24 to $24.17. Sagicor Group traded 229,350 shares and closed at $10.50. There are two offers one at $11.40 to sell $17,500 shares and another to sell 887,000 units at $12.50, there is good support at $10 with of 520,000 units.
Other stocks of interest are Desnoes and Geddes with the bid at $5.50 to buy 20,000 shares but with only one offer to sell 10 million units at $6, stronger support is at $5.41. Carreras with a bid at $41 to buy 7,500 units with further support down to $40 with the lowest offer being at $44.50 for 4,000 shares, the next offer is at $46 for 12,000 and 2,000 shares at $47. Significant offer is at $50 and then $56.50.

Jamaica Money Market Brokers has a bid to but 100,000 units at $7.05 and the lowest offer is at $7.98 to sell 7,000 units, currently, there is not much on the sell side around the lowest offer, while buying is mostly around the $6.50 level. Radio Jamaica has 1 million units on the bid at $148 with one offer at $2 for 190,000 units for sale and Sagicor Real Estate Fund with 1.44 million units on the offer at $6.95 to sell and moderate demand with a bid for 16,030 at $6.90, total bids amounts to 60,000 units with $5 being the lowest.

Filed Under: JSE Main Market, Stock Market Tagged With: Carreras, D&G, Daily Trading, Jamaica Broilers, JMMB, NCB, Radio Jamaica, Sagicor, Scotia

Palace jumps $10 to $80

April 1, 2015 by IC Insider.com

Patrons lined up at Palace’s Multiplex in Montego Bay

Wednesday’s activity on the Jamaica Stock Exchange, saw Palace Amusement Company jumping $10 to end at $80 with 9,550 shares changing hands, to be the leading price mover on the first trading day of the second quarter. The company posted better six months’ results to December last year and is expected to cut cost with the closure of the cinema in Mandeville.
Main Market| The JSE Market Index lost 208.43 points to 83,596.25, the JSE All Jamaican Composite index fell 233.04 points to end at 92,182.78 and the JSE combined index dropped by 111.67 points to close at 85,292.93.
Elsewhere in trading resulted in the prices of 7 stocks rising, 8 declining as 21 securities changed hands, ending in 2,749,601 units trading, valued at $20,236,546, in all market segments.

IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 8 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower.
The main stocks trading in the main market are, Desnoes and Geddes with 1.5 million units ending at $5.50, for a 9 cents gain, Cable and Wireless with 710,000 units at 50 cents, Grace Kennedy with 45,844 units to close at $62 down 50 cents, as National Commercial Bank with 64,700 units and closing at $25. Sagicor Group chipped in with 86,700 units at $10.51 and Scotia Group had 79,445 units trading to close lower at $21.56.
Stocks closing with interesting bids and offers include Carreras with 88,500 units with a bid price of $40.01 with meaningful offer some distance off.

Gleaner with over 1 million units on the bid at 90 cents versus 500,000 on offer at $1.07. National Commercial Bank with a bid of $25 to buy nearly 200,000 units with the offer at $25.25 to sell 200,000 shares. Radio Jamaica with 1 million units bid at $1.48 just below the last traded price and the Sagicor Real Estate Fund with an offer to sell 1.44 million units at $6.95 and Seprod with 555,000 units on offer at $15.90.

Filed Under: JSE Main Market, Stock Market Tagged With: C&WJ, Carreras, D&G, Gleaner, Grace Kennedy, Jamaican Stock, NCB, Palace Amusement Company, Radio Jamaica, Sagicor, Scotia, Seprod

Are JSE month end prices manipulated?

March 31, 2015 by IC Insider.com

Grace shares gained $1.49 to end at $62.50 on Tuesday

At the close of trading on the penultimate day of March, the Jamaica Stock Exchange closed with one of the highest number of bids in excess of the last traded prices of stocks on the exchange. The closing prices of stocks on Tuesday, resulted in one of the highest number gaining in one day, for some time, and they were just over the number of higher bids at the close on Monday. On Tuesday, the bids that were higher than the last selling prices of stocks, fell back sharply at the close.
From as far back as the last full week before the month end, there were signs of closing bids and offers being posted with what appears an intent to maintain them at higher levels until month end or close thereto as possible. Tuesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 18 stocks rising, only 3 declining as 32 securities changed hands, ending in 3,268,722 units trading, valued at $28,664,047, in all market segments.
Main Market| At the close the JSE Market Index lost 441.41 points to 83,804.68, the JSE All Jamaican Composite index fell 493.52 points to close at 92,415.82 and the JSE combined index declined 433.24 points to end at 85,404.60.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows just 7 stocks with bids higher than their last selling prices and 4 with offers that were lower in contrast with 14 to 4 at the end of trading on Monday.
Gains| Stocks gaining with last traded prices, at the end of trading

Scotia Investments gained $1.50 to end at $23.50 on Tuesday

in the main market are, Barita Investments with 500 shares trading with a gain of 3 cents to $2.22, Desnoes & Geddes closing with 28,800 shares, the price gained 1 cent to $5.41. Grace Kennedy finishing trading with 200,622 units as the price ended higher by $1.49 to $62.50, Mayberry Investments ending trading with 72,099 shares, 2 cents higher at $2.10, National Commercial Bank closing with 143,351 shares while gaining 30 cents to $25.18, Pan Jamaican Investment contributing 600 units and the price closing with a gain of 1 cent, at $57.02. Radio Jamaica completing trading with 96,791 shares and rising 12 cents to $1.50, Sagicor Group concluding trading with 661,549 units and put on 5 cent to $10.55, Scotia Investments had 16,450 shares changing hands to end with an increase of $1.50 at $23.50 and Supreme Ventures closing with 5,000 shares as the price climbed 11 cents to $2.40.
Firm| The stocks in the main market to close without change in the last traded prices are, Cable & Wireless finishing trading with 172,000 shares at 50 cents, Caribbean Cement in trading 1,500 shares while ending at $2.25. Carreras completed trading with 1,980 shares changing hands at $40, Jamaica Broilers with 2,000 shares changing hands closed at $4.50, Jamaica Money Market Brokers while exchanging 17,572 ordinary shares closed at $7.06, Proven Investments ending trading with 6,300 units with the price remaining 18 US cents and Sagicor Real Estate Fund had 22,500 shares changing hands at $6.90.

Declines| There was only one stock that closed lower than the opening as Scotia Group finished trading with 79,892 units to close at $21.76, after losing 44 cents.
Preference| In the preference sector, Jamaica Money Market Brokers 8.75% preference share closed with 500 shares changing hands, 1 cent higher at $3.05, Jamaica Money Market Brokers 7.25% preference share trading with 1,500 units at $2.50, Jamaica Money Market Brokers 7.50% preference share concluding trading with 25,072 units at $2 and Eppley 9.5% preference share, closing with 22,676 shares changing hands at $6.

Filed Under: JSE Main Market, Stock Market Tagged With: Barita Investments, C&WJ, Caribbean Cement, Carreras, D&G, Grace Kennedy, Jamaica Broilers, JMMB, Kingston Wharves, Mayberry, NCB, Pan Jam, Proven, Radio Jamaica, Sagicor, Scotia, Supreme Ventures

Jamaican stocks up 3,000 points in 3 days

March 30, 2015 by IC Insider.com

Jamaican stocks have risen 3,054 points in the last three trading days but will it last or will the rally which started in October last year power on up? The movement is reflected in the all Jamaica Composite Index of the Jamaica Stock Exchange between last Thursday and Monday. Market activity resulted in Monday’s closing All Jamaica Index reaching the highest level, since early June 2012.
The increase took place on very low volume and was influenced mainly by one stock, Scotia Group with a mere 1,000 units trading as the prices of 6 stocks rose, 7 declined and only 21 securities changed hands, ending in 1,756,279 units trading, valued at $8,819,494, in all market segments.
Main Market| The JSE Market Index gained 848.12 points to 84,246.09, the JSE All Jamaican Composite index rose 948.24 points to close at 92,909.34 and the JSE combined index climbed 805.21 points to close at 85,837.84.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 14 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.

JMMB traded as high as $7.99 on Monday a new 52 weeks intra day high

Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Gleaner finished trading with 143,821 units to close with a gain of 4 cents to 90 cents, Jamaica Money Market Brokers closing with 2,264 shares traded with a gain of 1 cent to $7.06, but traded at a new 52 weeks high during the day of $7.99, Sagicor Group finishing with 104,619 shares while gaining 2 cents to $10.50 and Scotia Group closing with 1,000 shares as the price jumped at 70 cents to $22.20.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless contributing 64,085 shares trading at 50 cents, Jamaica Broilers finishing trading with 4,794 shares traded with a gain of $4.50, Jamaica Producers while exchanging 5,000 shares closed at $15.60. Proven Investments closed with 40,146 units trading at 18 US cents and Seprod concluding trading with 1,156 units, closed at $14.

Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras finishing trading with 29,981 units, the price slipped $1 to $40, Desnoes & Geddes with 28,745 units trading, closed lower by 5 cents at $5.40. Grace Kennedy concluding trading with 7,475 units to close down by 49 cents to $61.01, National Commercial Bank trading 120,019 shares changing hands 12 cents lower to $24.88, Radio Jamaica lost 1 cent while trading 7,206 shares at $1.38 and Sagicor Real Estate Fund there was dealing in 36,600 units to close lower by 5 cents to $6.90.
Preference| Jamaica Money Market Brokers 7.25% preference shares ending trading with 26,900 shares changing hands at $2.50 and Proven Investments 8% preference share traded just 307 units to end at $5.50.

Filed Under: JSE Main Market, Stock Market Tagged With: C&WJ, Carreras, D&G, Daily Trading, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaica dollar, Jamaica Producers, JMMB, NCB, Proven, Radio Jamaica, Sagicor, Sagicor Real Estate X Fund, Scotia, Seprod

JSE ends week moderately

March 27, 2015 by IC Insider.com

Carerras traded up to $41 on Friday from $39.95, but on small volume.

Jamaica Stock Exchange trading activity ended the week with moderate trading, but trading resulted in the prices of 7 stocks rising, 5 declining as 19 securities changed hands, ending in a mere 933,931 units trading, valued at $7,246,086, in all market segments.
Main Market| At the close, the JSE Market Index gained 223.17 points to 83,397.97, the JSE All Jamaican Composite index rose 249.52 points to close at 91,961.10 and the JSE combined index increased by 228.52 points to close at 85,032.63.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 12 stocks with bids higher than their last selling prices and 4 with offers that were lower. The indicator is stronger for junior market stocks than the main market ones.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Carreras finishing with 853 units trading, to close with a gain of $1.05 at $41, Grace Kennedy closing with 2,390 shares, trading with a gain of 50 cents to $61.50. Jamaica Money Market Brokers finishing trading with 186,452 ordinary shares to end with an increase of 3 cents at $7.05, Mayberry Investments contributing 3,943 shares while gaining 8 cents to $2.08 and Radio Jamaica ending trading with 9,500 shares as the price rose 1 cent, to $1.39, a new 52 weeks high.
Firm| The stocks in the main market to close without a change in the last traded prices are, Desnoes & Geddes closed with 16,849 shares changing hands at $5.45, Proven Investments closing with 3,287 shares at 18 US cents, Scotia Group concluding trading with 91,792 shares at $21.50, units closed at with shares at.

Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Gleaner finishing with 65,500 units, the price slipped 9 cents to 86 cents, Sagicor Group trading 172,728 units to close lower by 12 cents, at $10.48 and Supreme Ventures while exchanging 200,000 units, closed 1 cent down to $2.29.
Preference| Jamaica Money Market Brokers 8.50% preference shares concluding trading with 15,628 units at $3.50 and Jamaica Money Market Brokers 8.75% preference shares finished with 41,965 units changing hands at $3.04.